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Retail, For Sale, Nicosia, Strovolos, Dasoupolis
Strovolos, Cyprus
REF: 770196
€776,000
Description
This asset is a shop on the ground floor of a commercial building in Dasoupoli. The asset is located near Marks Spenser and Akropolis park. It consists of a ground floor retail area, with kitchenette, of 143sqm and a mezzanine with office area, storage room and toilet, of c. 84sqm. The asset benefits from exclusive use of four parking spaces and a 30m facade on Athalassas Avenue. The immediate area of the property comprises of commercial developments along Athalassas Avenue and residential developments in the side streets. Athalassas Avenue is a major commercial avenue that provides easy access to Nicosia city centre and the Nicosia - Limassol motorway. The asset falls within commercial planning zone Εβ3 with building density coefficient of 160%, coverage coefficient 50%, in 6 floors and a maximum height of 24m.
This asset is a shop on the ground floor of a commercial building in Dasoupoli. The asset is located near Marks Spenser and Akropolis park. It consists of a ground floor retail area, with kitchenette, of 143sqm and a mezzanine with office area, storage room and toilet, of c. 84sqm. The asset benefits from exclusive use of four parking spaces and a 30m facade on Athalassas Avenue. The immediate area of the property comprises of commercial developments along Athalassas Avenue and residential developments in the side streets. Athalassas Avenue is a major commercial avenue that provides easy access to Nicosia city centre and the Nicosia - Limassol motorway. The asset falls within commercial planning zone Εβ3 with building density coefficient of 160%, coverage coefficient 50%, in 6 floors and a maximum height of 24m.
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Currency Exchange
Strovolos, Cyprus
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €776,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €776,000 | £639,346 | £666,933 | £27,587 |
| Property Price € | €776,000 |
| Minimum cost in the last six months | £639,346 |
| Maximum cost in the last six months | £666,933 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,587 |
Strovolos, Cyprus
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €776,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €776,000 | £639,346 | £666,933 | £27,587 |
| Property Price € | €776,000 |
| Minimum cost in the last six months | £639,346 |
| Maximum cost in the last six months | £666,933 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,587 |
The exchange rate on the day you make an offer on your property in Cyprus will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £27,587 more.
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